113 Hart AveOpp, AL 36467

Property Details for 113 Hart Ave

Year built

1965

Lot size

0.28 AC

Property size (Sq ft)

6,146 SF

Property type

Retail properties

Property subtype

Banks

APN

23-11-08-28-3-301-065.000

APU

231108283301065000

Description

This exceptional 6,700-square-foot executive office building, located at 113 E Hart Ave in Opp, Alabama (zip code 36467), is a remarkable opportunity for a variety of businesses. Previously occupied by a major regional bank, this property offers a fully functional, ready-to-occupy space. The building's design features two floors, each approximately 3,350 square feet. A secure vestibule provides access to the second floor, making it ideal for multiple tenants or departments. The 0.55-acre lot provides ample space and parking. The building's location in Opp, Covington County, Alabama, offers excellent visibility and accessibility. The area boasts a strong financial sector, with several established banks including Wells Fargo, Southern Independent Bank, CCB Community Bank, Opp-Micolas Credit Union, and Army Aviation Center Federal Credit Union nearby. This property's versatility makes it suitable for a range of uses, including but not limited to financial institutions, professional services firms, healthcare providers, and retail businesses. The asking price for this turnkey property is $525,000. Lease options are also available. This is a rare opportunity to acquire a well-maintained, strategically located commercial property in a thriving Alabama community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,223,600

  6.5%

  $1,129,477

  7%

  $1,048,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,048,253

  Geo Method

  $1,101,036

• Alternative Use

  Use

  Valuation

  Residential

  $952,756

  Hospitality

  $872,720

  Educational

  $726,093

  Medical

  $751,064

  Retail

  $1,129,477

Location Insight

City

Opp

County

Covington

State

Alabama

Latitude

31.2829

Longitude

-86.2543

Property Tax & Assessments

FAQs

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